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to pay more. republican response from house speaker john boehner said proposed tax hikes on small business owners would cost america hundreds of jobs. >> can't just cut our way to pros peerty. if we are serious,we have to combine cuts with revenue and that means asking the wealthiest americans to pay a little more in taxes. >> here's the problem with that. raising those rates on january 1st would, according to the independent firm earns and young, destroy 700,000 american jobs. that's because many of those hit by the tax increase are small business owners. >>> the white house said the president would veto any bill from congress from extends tax cuts for families making $250,000 or more. boehner said he won't consider raising taxes but he would consider eliminating tax loopholes. >>> a hercules city council member faces possible censure on advertise on an abc news indication of unethical and abuse of power. she's in hot water for silencing a resident over blog posts that she believed was critical of her. council will continue a draft resolution accruing devara of interfering with a
last night that includes house speaker ran john boehner. he says his party is willing to consider tax increases only under the right circumstances which include fewer tax loopholes and simpler, fairer tax code. right now all sides are laying out opening arguments for negotiations that are to come. they need to avoid severe and automatic government spending cuts and tax hikes that will take place january 1st. those cuts and hikes total 800 billion dollars. in the bay area there's hope president obama's reelection will bring amick boost especially in the silicon valley. with health care behind him the tech industry feels the president can turn his attention to jobs, housing and clean technology. katie marzullo, abc7 news. >>>s did are trying to determine how badly hurt an 11-month-old fremont baby was when she fell from a third story window yesterday. firefighters say the baby landed in bushes outside her home in the 800 block of walnut avenue yesterday afternoon the baby was unconscious when she was airlifted to the hospital but breathing and crying on arrival. police say her mother wa
: in an interview house speaker boehner drew a hard-line on raising taxes but opened the door to raising more revenue. >> i would do that, if the president were serious about solving our spending problem and trying to secure our entitlement programs. >> reporter: democrats think the president has a mandate to raise taxes on families making more than $250,000 a year. >> there was a message sent to us by the american people, based on the campaign, that is, people making all this money have to contribute a little more. >> reporter: democrats and republicans are set to begin talks on debt reduction hoping to avoid automatic spending cuts and tax increases from kicking in at the end of the year. the president will make his comments today at the white house. during his victory speech he said he wants a bipartisan solution. >> the president: i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. reducing our deficit, reforming our tax code. >> reporter: the president will make his remarks this afternoon in front of an audience
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